Scottish Widows Bank improve their professionals mortgage range

Aaron Strutt Image

Scottish Widows Bank has lowered some of its fixed and tracker rates for Professionals looking for a mortgage.

The bank has improved its two-year fixed rate at 2.09% and it is now 1.99% (the overall cost for comparison is 3.79% APR) - it has a £999 arrangement fee. 

The two-year tracker has also been lowered from 2.09% to 1.99% (the overall cost for comparison is 3.8% APR) and it has a £999 fee.

Borrowers will require a 40% deposit to qualify for these mortgages.

Aaron Strutt, product manager at Trinity Financial, says: "Scottish Widows has some of the lowest mortgage rates in the market and they also have a range of offset facilities. They are also keen to offer large mortgage loans and their standard variable rate is competitive at 3.99%."

You are typically considered to be a professional if you are 21 or over and a fully qualified, practicing and registered in one of the following professions:

  • Accountant
  • Actuary
  • Barrister
  • Dentist
  • Engineer
  • Medical doctor
  • Optometrist
  • Pharmacist
  • Solicitor
  • Teacher
  • Vet

If you would like help to secure a best buy mortgage, call Trinity Financial on 020 7016 0790.

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